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Global Zinc Ingots Market Share, Size, Trends, Analysis, Forecast: By Application: Electroplate, Zinc Oxide, Alloy, Battery, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Value Chain Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Zinc Ingots Market Outlook
The global zinc ingots market is expected to grow at a CAGR of 1.20% during the forecast period of 2023-2028. The growth of the market is likely to be aided by the increasing demand for zinc in the galvanization process.
Global Zinc Ingots Market Trends
Zinc is a brittle but malleable, blue-grey metallic element. It becomes malleable at 100° C. Zinc ingots are made in foundries from zinc ores. Zinc ingots are made by melting cathode zinc in a furnace, and later the molten zinc is made into blocks and ingots.
Increasing Utilisation in Hot-Dip Galvanization
Rising demand for zinc ingots to produce galvanized steel through the hot-dip galvanization process will drive the market growth. The process is utilised to dip steel objects in molten zinc so that it covers all the exposed parts of the steel object. This helps in protecting the galvanized steel from corrosion and strengthens it.
Depleting Zinc Reserves
The limited production of zinc and increasing demand from end-use industries, especially from Europe due to the ongoing war, has caused the global inventory to decline and a lack of supply. This situation has adversely impacted the market growth.
Rising Infrastructural Development in Emerging Nations to Provide Lucrative Growth Opportunities to the Market
The rapid infrastructural development in developing nations has propelled the demand for zinc for various casting and mechanical applications.
Rapidly Fluctuating Prices and Adverse Health Effects of the Product to Restrict the Market Growth
Fluctuating Market Price of Zinc
The market price for zinc has been fluctuating due to various reasons such as the ongoing Russia-Ukraine war which has forced smelters and zinc production facilities to shut their operations.
Adverse Effects on Human Health
Zinc forms zinc oxide fumes when it is heated to or near the boiling point. These fumes are the cause of a short-term flu-like disease called metal fume fever. The symptoms of the disease include headache, vomiting, nausea, diarrhoea, fever, and muscle aches, among other symptoms. The symptoms are usually after several hours of exposure.
Zinc Ingots Market Analysis
Based on application, the market can be segmented into electroplate, zinc oxide, alloy, and battery, among others. The regional markets for the zinc ingot market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the zinc ingots market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global zinc ingot market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- REAZN S.A.
- Henan Yuguang Zinc Industry Co., Ltd.
- Yifengxin (Hebei) Metal Products Co., Ltd
- Siyaram Impex Pvt. Ltd.
- Phoenix Industries Ltd
- Others
Zinc Ingot Finds Applications in Electroplate, Zinc Oxide, Alloy, and Battery, Among Others
Based on application, the market segments can be divided into electroplate, zinc oxide, alloy, and battery, among others.
There has been a steady rise in demand for zinc ingots for battery production. The zinc is utilised to perform a chemical reaction with dry battery cells in a metal housing, which results in voltage potential between connections.
Zinc is also extensively used with copper for manufacturing an alloy known as brass. Brass rods are extensively utilised for machining purposes as they are known for their durability and corrosion resistance.
Major Regions for Zinc Ingots Market
The market for zinc ingots has been consistently declining owing to the declining global reserves. North America has been experiencing complications in the market due to increasing competition with Europe for the available amount of zinc. The prices for zinc ingots have surged in the United States due to limited supply. In China, there is a slight rise in the prices because of the ongoing Russia-Ukraine war.
Competitive Landscape
REAZN S.A. is a company located in Luxembourg, engaged in manufacturing and distributing zinc alloys. The company was founded in 1990. The company's product portfolio consists of casting alloys and galvanizing alloys.
Henan Yuguang Zinc Industry Co., Ltd. is a manufacturing and importing company based in China. The company primarily manufactures zinc products. It is one of the major companies active in mining, producing, and selling electrolytic zinc, zinc ingot, zinc alloy, and its by-product sulphuric acid. The company also recycles non-ferrous metals such as lead, silver, copper, cadmium, cobalt, indium, and iron. They have an annual production rate of 10,000 tons of zinc ingots.
Siyaram Impex Pvt. Ltd. is one of the leading manufacturing companies, located in Gujarat, India. Their international market is expanded to various countries such as the United States, Germany, the United Kingdom, Australia, Dubai, and Saudi Arabia, among others. They have a wide range of brass products including brass extrusion rods, brass inserts, brass electrical components, brass connectors, and brass battery terminals, among others.
Other market players include Yifengxin (Hebei) Metal Products Co., Ltd, and Phoenix Industries Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Zinc Ingots Market Analysis
8.1 Key Industry Highlights
8.2 Global Zinc Ingots Historical Market (2018-2022)
8.3 Global Zinc Ingots Market Forecast (2023-2028)
8.4 Global Zinc Ingots Market by Application
8.4.1 Electroplate
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Zinc Oxide
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Alloy
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Battery
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Zinc Ingots Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 North America Zinc Ingots Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Zinc Ingots Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Zinc Ingots Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Zinc Ingots Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Zinc Ingots Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 REAZN S.A.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Henan Yuguang Zinc Industry Co., Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Yifengxin (Hebei) Metal Products Co.,Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Siyaram Impex Pvt. Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Phoenix Industries Ltd
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Zinc Ingots Market: Key Industry Highlights, 2017 and 2021
2. Global Zinc Ingots Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Zinc Ingots Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Zinc Ingots Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Zinc Ingots Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Zinc Ingots Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Zinc Ingots Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Zinc Ingots Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Zinc Ingots Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Zinc Ingots Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Zinc Ingots Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Zinc Ingots Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Zinc Ingots Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Zinc Ingots Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Zinc Ingots Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Zinc Ingots Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 1.20% during the period 2023-2028.
The market is driven by the increasing demand for zinc ingots in galvanization processes and rising utilisation in electrical and mechanical applications.
The rising infrastructural development in emerging nations is propelling the market growth, however, the depleting zinc reserves are having an adverse effect on the market. These are the key trends followed in the market.
The regional markets for the global market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The different applications of zinc ingots include electroplate, zinc oxide, alloy, and battery, among others.
The key players in the market include REAZN S.A., Henan Yuguang Zinc Industry Co., Ltd., Yifengxin (Hebei) Metal Products Co., Ltd, Siyaram Impex Pvt. Ltd., and Phoenix Industries Ltd, among others.
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